Arbeitspapier
Testing theories of job creation: Does supply create its own demand?
How well do alternative labor market theories explain variations in net job creation? According to search-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing level and employment is determined by labor demand. To compare these models we estimate an encompassing equation for net job creation on firm-level data. The results support demand-oriented theories of job creation, whereas we find no evidence in favor of the search-matching theory.
- Sprache
-
Englisch
- Erschienen in
-
Series: Sveriges Riksbank Working Paper Series ; No. 194
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Labor Demand
Unemployment: Models, Duration, Incidence, and Job Search
- Thema
-
Job Creation
Involuntary Unemployment
Search-Matching
Labor Demand
Beschäftigungspolitik
Arbeitsmarkttheorie
Arbeitsnachfrage
Arbeitsplatzsuchmodell
Arbeitslosigkeit
Lohn
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Carlsson, Mikael
Eriksson, Stefan
Gottfries, Nils
- Ereignis
-
Veröffentlichung
- (wer)
-
Sveriges Riksbank
- (wo)
-
Stockholm
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Carlsson, Mikael
- Eriksson, Stefan
- Gottfries, Nils
- Sveriges Riksbank
Entstanden
- 2006
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